A Regular Meeting of JSC RusHydro’s Board of Directors Will be Held July 29th, 2011

JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR;
OTCQX: RSHYY) announces that a regular meeting of the Company's Board of
Directors will take place July 29th, 2011 via absentee voting.

The agenda of the
Board of Directors meeting includes the following issues:

1.
Approving corporate
transactions:

1.1. Approving a
contract concluded between RusHydro and JSC System Operator UES as an
interested party transaction;

1.2. Approving a
contract concluded between RusHydro and JSC Federal Grid Company UES as an
interested party transaction.

2.
Approving the Company's internal documents:

2.1. Approving the
Provision on the Company's Information Policy, as amended;

2.2. Approving the
Provision on Insider Information, as amended;

3.
A report on the
execution of RusHydro Group's 2010 consolidated business plan;

4.
Approving a
decision on the additional issue of shares;

5.
Approving
RusHydro's share issues Prospectus;

6.
On members of
RusHydro's Management Board holding overlapping positions on the management
boards of other organizations.

Meeting results will be disclosed in accordance with
the established procedure.

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The information in this press release may contain
projections or other forward-looking statements regarding future events or the
future financial performance of RusHydro. You can identify forward looking
statements by terms such as "expect," "believe,"
"anticipate," "estimate," "intend,"
"will," "could," "may" or "might," the
negative of such terms or other similar expressions. We wish to caution you
that these statements are only predictions and that actual events or results
may differ materially from these statements. We do not intend to update these
statements to reflect events and circumstances occurring after the date hereof
or to reflect the occurrence of unanticipated events. Many factors could cause
the actual results to differ materially from those contained in our projections
or forward-looking statements, including, among others, general economic
conditions, our competitive environment, risks associated with operating in
Russia, rapid technological and market change in our industries, as well as
many other risks specifically related to RusHydro and its operations.

26.07.2011

A Regular Meeting of JSC RusHydro’s Board of Directors Was Held

28.07.2011

A Regular Meeting of JSC RusHydro’s Board of Directors Will be Held August 2nd, 2011